Maritime – Page 125 – City Business News

January 18, 2019 No Responses

Ocean Alliance Deploys 330 Ships

The Ocean Alliance partners have presented their new service offering, which would see the carriers utilize 330 containerships. Namely, CMA CGM, COSCO Shipping Lines, OOCL and Evergreen signed the agreement for the launch of Ocean Alliance Day 3 Product, to start...

January 17, 2019 No Responses

Report: Despite Automation, Qualified Transport Workers Still Needed

The introduction of automation in global transport will be evolutionary, rather than revolutionary and despite high levels of automation, qualified human resources with the right skill sets will still be needed in the foreseeable future, a new report produced ...

January 14, 2019 No Responses

Maersk Line Takes Delivery of New 3,600 TEU Containership

COSCO Zhoushan Shipyard has delivered a 3,600 TEU containership to Danish shipping company Maersk Line, named Vilnia Maersk. The ship is the sixth in a series of a total of seven Baltic feeders Maersk’s brand Seago Line plans to deploy in the ...

January 13, 2019 No Responses

Commission Probes Terminal Operators

The Hong Kong Competition Commission has opened an investigation to assess whether the recently created alliance between several container terminal operators may restrict competition in Hong Kong. Recently, COSCO-HIT Terminals (Hong Kong) Limited (CHT), ...

January 9, 2019 No Responses

Firm Orders Two Next-Generation Ships

Cruise line major Norwegian Cruise Line Holdings (NCLH) has ordered two next-generation cruise ships for its Oceania Cruises brand. The contract for the construction of the cruise vessels has been signed with Italian shipbuilder Fincantieri and has an overall ...

January 6, 2019 No Responses

Small-scale LNG Projects To Gain momentum

Small-scale LNG projects are expected to gain momentum driven by strong demand for LNG from small importers coupled with reduced risk and lower investment cost when compared to mega LNG export projects, according to Drewry. As a result, the UK-based...

December 30, 2018 No Responses

Tanker Corporation To Relist Shares On Exchange In January

Chinese transportation company Nanjing Tanker Corporation, part of Sinotrans & CSC, will relist on Shanghai Stock Exchange on January 8, 2019. The opening price of its stock will be CNY 4.31 (USD 0.63) per share, the company said in its...

December 29, 2018 No Responses

Maersk Line Eyes Land-Based Acquisitions

World’s largest shipping company Maersk is reportedly targeting acquisitions on land to bolster its logistics operations as part of the group’s transformation from a conglomerate to an integrated global container logistics company. “The future will be ve...

December 28, 2018 No Responses

Firm Raises $10m To Advance Autonomous Ship Technology

Boston-based Sea Machines Robotics has raised USD 10 million that would enable the company to further develop autonomous solutions for the maritime industry. As informed, the investment marks one of the largest venture rounds for a marine- and maritime-focused...

December 28, 2018 No Responses

NYK Secures Green Loan For Its 1st Methanol-Fueled Chemical Tanker

Japanese shipping giant NYK has secured a green loan to finance the construction of its first methanol-fueled chemical tanker set for delivery in 2019. The JPY 2 billion (USD 18.04 million) loan will be provided by Taiyo Life Insurance Company ...

December 27, 2018 No Responses

Firm Faces $9.6m Fine Over Subcontracting Practices

Citing unlawful subcontracting practices, the South Korean Fair Trade Commission has fined Daewoo Shipbuilding & Marine Engineering (DSME) $9.6 million. According to investigators, from 2013 to 2016, DSME appointed 27 subcontractor...

December 26, 2018 No Responses

2018 Tanker Deliveries May Slip Into 2019

2018 has been a challenging year for tankers with rates bottoming out in the third quarter of the year, and finally ushering in a long-anticipated market recovery. Due to weak industry returns and attractive scrap prices, owners provided some relief...

December 20, 2018 No Responses

NIMASA, STOAN, MWUN Others Sign Collective Bargaining Agreement

In a bid to ensure a better living standard for dock workers in the Nigeria maritime industry, the Nigerian Maritime Administration and Safety Agency (NIMASA) alongside other associations in the sector under the aegis of the National Joint Industrial Council.....

December 19, 2018 No Responses

Firm Secures $12m For Hydrogen-Powered Vessels

The Havyard project with Havila Kystruten on hydrogen-powered coastal route operations is to receive $12 million in funding from Pilot-E. The company said that the initiative could result in vessels with up to five times longer zero-emission voyages than other...